Mr. Jorge Ganoza reports
CONAGUA RESOLUTION CONFIRMS NO REMEDIATION REQUIRED AS A RESULT OF THE OVERFLOW OF CONTINGENCY POND AT THE SAN JOSE MINE, MEXICO IN OCTOBER 2018
The Mexican National Water Commission (CONAGUA) has completed its investigation and issued a resolution into the overflow of the contingency pond at the dry stack tailings facility at Fortuna Silver Mines Inc.'s San Jose mine on Oct. 8, 2018, which was caused by heavy seasonal rains (refer to
Fortuna news release dated Oct. 11, 2018). CONAGUA's resolution confirms that no remediation of the nearby Coyote Creek is required. However, the company received a fine of approximately $42,000 (U.S.) related to the incident.
The company has since installed additional pumping equipment, increased its monitoring system and reinforced the pipes and drainage channels from the dry stack facility to the contingency pond in order to mitigate the risk of an overflow in the event of abnormally high rainfall in the future.
The company reiterates its commitment to safeguarding the well-being of the environment, local communities and the company's work force.
Fortuna is a growth-oriented, precious metals producer focused on mining opportunities in Latin America. The company's primary assets are the Caylloma silver mine in southern Peru, the San Jose silver-gold mine in Mexico and the Lindero gold project, currently under construction, in Argentina. The company is selectively pursuing acquisition opportunities throughout the Americas and in select other areas.
We seek Safe Harbor.
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